Africa | Complacency over Cabo Delgado costing State dearly

After attacks on Palma in northern Mozambique in which dozens of civilians, including a South African and a Briton, lost their lives, Total pulled all its local staff out of northern Mozambique and suspended work on its onshore installations. The resulting delays will affect Mozambican government finances, and make it more urgent for Maputo to call on foreign friends for help.

What you will learn :

  • This Research Briefing analyses the implications of the recent jihadist attacks in northern Mozambique for security in the area and for investment decisions by energy multinationals.
  • Maputo has a choice to make between jealously guarding its sovereignty and effectively addressing the insurgency with foreign help.
  • That choice will affect investment decisions by energy companies like Total, and delays on investment timelines will further stress government finances.

Topics: Financial risks, Africa, Construction, Government finances, Security

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